Genesis-mining.com || World's leading hashpower provider!

[Nathan101]

I got bored and started playing around with video editing.. created a little video on GM (in hope they honor it with a bonus  )

check it out:  http://youtu.be/9UoYIo7Eqv8

Thanks a lot for sharing a video on genesis-mining. Hope you will you create more videos on Genesis-mining.

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[BRUCELLA]

Could you explain me this business model of genesis :

if i want to invest for 10Mh for 1 year, i will pay : ฿ 1.037
if i want to invest for 10Mh for 2 year, i will pay : ฿ 2.636 .... 2.54x more than 1 year...

in a normal case, with Mh becoming more and more cheap with the time, we should pay less than 2x, no ?

Reply from FinalHash

BRUCELLA you are absolutely correct. I am the CTO of finalhash and good friends with Marco. I just sent him this and said WTF? He responded and said pretty much, "Oh that is a bug, thanks for the heads up."  He went on to say that he and his team are working to fix the bug and he would comment back here with the result.

Good catch bro.  It is important for educated crypto folks like yourself to keep finding discrepancies in this to see how the company responds going forward.  In this way we hold them accountable and thereby avoid future BFL things. However, it is important that we do the double checks but also allow time for the companies to respond you know?

[IanFoxley]

Just thought I would let you all know that Genesis Mining has once again lowered their prices.

Had a peek at their website just now. These are all for 1 year contracts.
Examples:

1 Megahash for USD 49.00, was USD 98,00  With a 3 % discount promocode USD 47.53

2 Megahash for USD 98.00, was USD 159,00  With a 3 % discount promocode  USD 95.06

20 Megahash for USD 880.00, was USD 1,380.00   With a 3 % discount promocode  USD 853,60

100 Megahash for USD 3,3900.00, was USD 5,900.00  With a 3 % discount promocode  USD 3783,00

Promocodes can be found all over, feel free to choose whichever one you like. Mine is in my signature.

[ellen_me]

Just thought I would let you all know that Genesis Mining has once again lowered their prices.

Had a peek at their website just now. These are all for 1 year contracts.
Examples:

1 Megahash for USD 49.00, was USD 98,00  With a 3 % discount promocode USD 47.53

2 Megahash for USD 98.00, was USD 159,00  With a 3 % discount promocode  USD 95.06

20 Megahash for USD 880.00, was USD 1,380.00   With a 3 % discount promocode  USD 853,60

100 Megahash for USD 3,3900.00, was USD 5,900.00  With a 3 % discount promocode  USD 3783,00

Promocodes can be found all over, feel free to choose whichever one you like. Mine is in my signature.

Looks great. Is these new prices just for a limited time or their fixed price?

[IanFoxley]

Just thought I would let you all know that Genesis Mining has once again lowered their prices.

Had a peek at their website just now. These are all for 1 year contracts.
Examples:

1 Megahash for USD 49.00, was USD 98,00  With a 3 % discount promocode USD 47.53

2 Megahash for USD 98.00, was USD 159,00  With a 3 % discount promocode  USD 95.06

20 Megahash for USD 880.00, was USD 1,380.00   With a 3 % discount promocode  USD 853,60

100 Megahash for USD 3,3900.00, was USD 5,900.00  With a 3 % discount promocode  USD 3783,00

Promocodes can be found all over, feel free to choose whichever one you like. Mine is in my signature.

Looks great. Is these new prices just for a limited time or their fixed price?

I think they are a new fixed price now. I am sure GM will come by and confirm later though Ellen.
They could just have a promo code if it was just a limited offer, but as this has been put into their interface, I have a feeling they are fixed.

[Genesis-Mining]

Could you explain me this business model of genesis :

if i want to invest for 10Mh for 1 year, i will pay : ฿ 1.037
if i want to invest for 10Mh for 2 year, i will pay : ฿ 2.636 .... 2.54x more than 1 year...

in a normal case, with Mh becoming more and more cheap with the time, we should pay less than 2x, no ?

Reply from FinalHash

BRUCELLA you are absolutely correct. I am the CTO of finalhash and good friends with Marco. I just sent him this and said WTF? He responded and said pretty much, "Oh that is a bug, thanks for the heads up."  He went on to say that he and his team are working to fix the bug and he would comment back here with the result.

Good catch bro.  It is important for educated crypto folks like yourself to keep finding discrepancies in this to see how the company responds going forward.  In this way we hold them accountable and thereby avoid future BFL things. However, it is important that we do the double checks but also allow time for the companies to respond you know?

Hey BRUCELLA,

Thank you for detecting this bug in our systems! We have immediately fixed it and upgraded all clients who purchased longer contracts than 1 year with free hashpower according to the new prices.

We hope you like our new discounted rates for longer contracts!

[Genesis-Mining]

Just thought I would let you all know that Genesis Mining has once again lowered their prices.

Had a peek at their website just now. These are all for 1 year contracts.
Examples:

1 Megahash for USD 49.00, was USD 98,00  With a 3 % discount promocode USD 47.53

2 Megahash for USD 98.00, was USD 159,00  With a 3 % discount promocode  USD 95.06

20 Megahash for USD 880.00, was USD 1,380.00   With a 3 % discount promocode  USD 853,60

100 Megahash for USD 3,3900.00, was USD 5,900.00  With a 3 % discount promocode  USD 3783,00

Promocodes can be found all over, feel free to choose whichever one you like. Mine is in my signature.

Thank you Ian for announcing the new prices faster than we could react!

These are the new official prices! Since the litecoin difficulty is not growing anymore, we think this could be a highly attractive deal! https://bitcoinwisdom.com/litecoin/difficulty

Also we want to note that there is currently a 10% discount code for all scrypt contracts out there! It is "POT10" as a gift for the users after adding Potcoin to our system.

Also to celebrate accepting DRK as payment you can get a 5% discount on all contracts that are payed with Darkcoin. The promo code for this is "10Dark".

We think this is great news for everybody!

[IanFoxley]

Thank you Ian for announcing the new prices faster than we could react!

Well I just love to spread good news!

Sorry if I caused any problems though.

[offmenut]

It's crazy if you don't offer something to existing customers...

How can you cut all your prices in half and then leave all the people who gave you the money to get you where you are today behind.

No-one who has bought hash power from you before this point is going to get a ROI so all they've done is loaned you money and paid a little for the privilege of doing so.

[fractal02]

It's crazy if you don't offer something to existing customers...

How can you cut all your prices in half and then leave all the people who gave you the money to get you where you are today behind.

No-one who has bought hash power from you before this point is going to get a ROI so all they've done is loaned you money and paid a little for the privilege of doing so.

This.

[Mike18feb]

That's the way it goes. You can't go buy a car for 10K and then after a month demand an offer from the dealer because the same car is now 8K. Well, you can, but good luck

offmenut, I see you want to sell your 2 MH/s for 0.2 BTC. Not sure how you plan to do that, but here's a one time offer. I buy them from you if GM cooperates in transferring the hashrate to my account. That'll give you a nice way out and a chance to rethink whether investing in crypto is smart for you and how and when to do it. And I have a bit more hashrate, I guess.

Oh, and you have to put this in your signature:
I have visited www.megamike.nl and all I got was this lousy signature

In fact, I'll up to payment to 0.22BTC if you do put that in your signature and keep it there for a while. Indefinitely is also good


Also reminds me, I have to update my site with the new prices. Thankfully that's mostly copy/paste since Ian did all the hard work 

[IanFoxley]

Also reminds me, I have to update my site with the new prices. Thankfully that's mostly copy/paste since Ian did all the hard work 

Oi! haha

[IanFoxley]

I saw today that Zeus Miners are bringing out a new ASIC soon called the Volcano which is 300 MH/s and costs $1599

That works out about 5 USD per MH/s

Would be nice if you are all buying a load of these for your farms, which means after working out all the costs etc, you can offer your customers a good deal with prices.

 

[Nathan101]

Great news everybody!

We do now accept DARKCOIN for payment of contracts! To celebrate, we enabled promo code "10Dark" granting you 5% off your order in case you pay with DRK!

Also live now for our users: POTCOIN
Mine your PotCoin with Genesis Mining!

Happy mining
The team of Genesis Mining

So another coin is being added, the Potcoin. 

That's great. Thanks Genesis-mining for adding a new coin. But I would like to know about the profitability lelvel of Potcoin.

[Daniel007]

Is it possible to sell contract? How will be transferred to other account without the intervention of GM?  

If its possible i am selling mine for 0,06BTC/MHs (Total 45.83MHs)  

I am also thinking that. Is it possible to sell contract? If, i would like to know the procedure.

[IanFoxley]

Is it possible to sell contract? How will be transferred to other account without the intervention of GM?  

If its possible i am selling mine for 0,06BTC/MHs (Total 45.83MHs)  

I am also thinking that. Is it possible to sell contract? If, i would like to know the procedure.

How much are you wanting to sell, perhaps Mike would be interested

Although as they are yearly contracts, it might be hard for you to sell something that has only 8 or 9 months on it.

[Mike18feb]

My charitability knows no limits, but unfortunately my wallet compensates that quite effectively 

[xiaogr]

Is it possible to sell contract? How will be transferred to other account without the intervention of GM?  

If its possible i am selling mine for 0,06BTC/MHs (Total 45.83MHs)  

I am also thinking that. Is it possible to sell contract? If, i would like to know the procedure.

How much are you wanting to sell, perhaps Mike would be interested

Although as they are yearly contracts, it might be hard for you to sell something that has only 8 or 9 months on it.

I was thinking to sell all (because is not possible to sell portion of them). I guess whole account.
0,06BTC/MHs i think is very good price.
I can send printout of purchases to see the dates. I think there are some with 10 other with 9 and 8 months.

[matt988]

I might be willing to sell my account if anyone is interested.
Have 52Mhs they are valid until 27.5.2015. Don't know how that would work tho because it is tied to a mail.

And 0.06BTC/Mhs i believe is a very good price.

[ellen_me]

Just thought I would let you all know that Genesis Mining has once again lowered their prices.

Had a peek at their website just now. These are all for 1 year contracts.
Examples:

1 Megahash for USD 49.00, was USD 98,00  With a 3 % discount promocode USD 47.53

2 Megahash for USD 98.00, was USD 159,00  With a 3 % discount promocode  USD 95.06

20 Megahash for USD 880.00, was USD 1,380.00   With a 3 % discount promocode  USD 853,60

100 Megahash for USD 3,3900.00, was USD 5,900.00  With a 3 % discount promocode  USD 3783,00

Promocodes can be found all over, feel free to choose whichever one you like. Mine is in my signature.

Looks great. Is these new prices just for a limited time or their fixed price?

I think they are a new fixed price now. I am sure GM will come by and confirm later though Ellen.
They could just have a promo code if it was just a limited offer, but as this has been put into their interface, I have a feeling they are fixed.

That will be really great. Thanks.